HK Stock Market Move | The performance of stocks in the domestic market has been active. RONSHINECHINA (03301) rose more than 3%, while CH OVS G OCEANS (00081) rose more than 2%.

The performance of the property stocks in the stock market is active. As of press time, RONSHINECHINA (03301) rose by 3.5% to HK$0.148; GREENTOWN CHINA (03900) rose by 2.95% to HK$9.07; CH OVS G OCEANS (00081) rose by 2.46% to HK$2.08; R&F PROPERTIES (02777) rose by 2% to HK$0.51. On the news front, data released by the National Bureau of Statistics showed that in December 2025, the sales prices of newly-built residential properties in first-tier cities dropped by 0.3% month-on-month, narrowing the decline by 0.1 percentage points compared to the previous month. Among them, Shanghai rose by 0.2%. Shenwan Hongyuan Group believes that the fundamentals of China's real estate market have undergone a deep adjustment, considering the recent central government's emphasis on "stabilizing the real estate market", and the strong stance on real estate by the central media "Qiushi" at the beginning of this year, which emphasizes the financial nature of real estate, the balance sheet of residents' assets and liabilities, and suggests that policies should be provided in a one-time manner. The real estate sector has shown a positive change in attitude, and industry policies in the future are worth looking forward to. At present, the sector's allocation is at a historical low, with the PB valuation of some high-quality companies or their market value at historical lows, making them attractive.